Nigerian Government To Allocate 60bn Naira More On Capital Projects

​Mrs Adeosun said that so far, the government had spent over 400 billion Naira on capital.

Pumping Money Into The Economy

She told reporters that the money was spent between May, when the budget was signed, and now.

Even as we leave here now, we are going for another capital allocation meeting where we are going to allocate another 60 billion Naira.

“We are pumping money into the economy at a very rapid rate,” he Minister stated.

On when the recovery of the economy would likely begin, she explained that the recovery process would take a little time due to the procurement process that required proper scrutiny.

“There is a balance between speed and transparency. If we say to them, quick, quick , quick, just work with the contractors you have, that is not necessarily fair on the rest of Nigeria,” She stressed.

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